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journalize the transcations and the closing entries for net incom and dividends ASAP On January 1, 2022, Marigold Corp. had the following stockholders' equity accounts.

journalize the transcations and the closing entries for net incom and dividends ASAP
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On January 1, 2022, Marigold Corp. had the following stockholders' equity accounts. During the year, the following transactions occurred. Jan. 15 Declared a $1 cash dividend per share to stockholders of record on January 31, payable February 15. Feb. 15 Paid the dividend declared in January. Apr: 15 Declared a 10\% stock dividend to stockholders of record on April 30, distributable May 15. On April 15, the market price of the stock was $16 per share. May 15 Issued the shares for the stock dividend. July 1 Announced a 2-for-1 stock split. The market price per share prior to the announcement was $14. (The new par value is \$5.) Dec 1 Declared a $0.60 per share cash dividend to stockholders of record on December 15, payable January 10,2023. Dec.31 Determined that net income for the year was $220,000. Dec 1 CashDividends 50.880 Dividends Pryable Dec. 31 Income Summary Retained Earnings (To close cash dividends) Dec31; Retained Earnings 176,720 Cash Dividenids (To close stock dividends) Dec.31 (To close net income) eTextbook and Media Dec. 1 Cash Dividends 0,880 Dividends Payable Dec. 31 \begin{tabular}{l} Income Summary \\ Retained Earnings \\ \hline \end{tabular} (To close cash dividends) Retained Earnings (To close stock dividends) Dec.31 (To close net income)

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